Houston-based education company AlloVir has secured $120 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 23 and led by Fidelity Management and Research Company.
According to its Crunchbase profile, "In unprecedented access to expert collaborators, core facilities and patients for clinical trials, the TMC provides an ideal environment for ViraCyte to develop and advance its product pipeline from discovery through late-stage clinical trials."
The company has raised two previous funding rounds, including a $30 million round in 2018.
The round brings total funding raised by Houston companies in health care over the past month to $152 million, an increase of $126 million from the month before. The local health care industry has seen 24 funding rounds over the past year, securing a total of $308 million in venture funding.
In other local funding news, infrastructure company WaterBridge Resources announced a private equity funding round on May 17, financed by GIC.
According to Crunchbase, "WaterBridge Resources is a midstream development company focused on developing, acquiring and operating flowback and produced water infrastructure for oil and gas producers, including gathering, pipeline infrastructure, separation and disposal infrastructure solutions. WaterBridge was founded by Stephen Johnson and Andy Stephens, in partnership with Five Point Capital Partners."
Founded in 2015, the company has raised two previous rounds, including a $200 million debt financing round in 2018.
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